Judge approves $40 million settlement in Stanford suit

A BDO spokesman previously said it never audited Stanford International Bank Ltd., “the entity where Robert Allen Stanford committed fraud.” Stanford is serving a 110-year prison sentence for the fraud.

A BDO spokesman previously said it never audited Stanford...

A federal judge in Dallas on Wednesday approved a $40 million payment by accounting firm BDO USA LLP to settle claims brought by thousands of investors who lost money in R. Allen Stanford’s Ponzi scheme.

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